A financial asset is considered ________ if it can be sold in a secondary market.
A)a commodity
B)a security
C)a liability
D)durable

Question

Quizplus · Accepted Answer

A financial asset is considered a security if it can be sold in a secondary market. Securities include stocks, bonds, and mutual funds. Commodity refers to physical goods like gold or oil. Liability refers to a company's debts or obligations. Durable refers to a physical product's ability to remain in good condition over time.

A Financial Asset Is Considered ________ If It Can Be